You can also use CURRENT_TIMESTAMP, if you feel like being more ANSI compliant (though if you're porting code between database vendors, that'll be the least of your worries). It's exactly the same as GetDate() under the covers (see this question for more on that).

There's no ANSI equivalent for GetUTCDate(), however, which is probably the one you should be using if your app operates in more than a single time zone ...